SMM December 30 News:
As New Year's Day approaches, the domestic molybdenum market has shown stable transactions and prices.
【Quotation Overview】
45% Molybdenum Concentrate: 3,590-3,620 yuan/mtu
50% Molybdenum Concentrate: 3,620-3,650 yuan/mtu
60% Ferromolybdenum: 232,000-235,000 yuan/mt
316L/2B Coil (Wuxi): 23,600-23,800 yuan/mt Grade 1 Ammonium Tetramolybdate: 220,000-223,000 yuan/mt
Grade 1 Molybdenum Powder: 415-423 yuan/kg
【Market Dynamics】
Amid strong sentiment to stabilize prices among molybdenum mines, suppliers of molybdenum raw materials maintaining a sentiment to stand firm on quotes due to high-cost inventory, and stable prices with increased procurement of ferromolybdenum by steel mills, molybdenum prices are supported by costs against declines but are restrained by downstream resistance to increases.
It is expected that before the holiday, molybdenum prices are unlikely to decline, with a slight upward adjustment in quotations possible.
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Declaração sobre a Fonte de Dados: Com exceção das informações publicamente disponíveis, todos os demais dados são processados pela SMM com base em informações publicamente disponíveis, comunicação de mercado e com base no modelo de base de dados interna da SMM. São apenas para referência e não constituem recomendações para a tomada de decisão.
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